Insurance

Digital Insurance recently surveyed insurers, brokers and adjusters about the technology they're using in the claims space, and we'll share those insights.

Roughly 13% of homeowners in the top state are uninsured.

The Congressional Budget Office acknowledged limitations in its research of expected flood damage data.

More than 7 million homes in the US are already exposed to fire risk, a figure seen climbing to nearly 13 million over the next 30 years, according to a 2022 study.

Given the vast amounts of information collected and utilized by carriers, they are increasingly functioning as data firms and transforming more traditional practices.

The agency is stretched thin with a record number of billion-dollar catastrophes and a mission that's expanded to cover Covid-19 and the migrant care crisis.

What steps can be taken to successfully navigate through this difficult, complex market?

Department of Labor announced a settlement with Unum Life Insurance and four insurers sue Norfolk Southern, plus more legal news.

Powered by insurance technology, traditional barriers are fading as insurers converge in a collaborative digital landscape.

Climate change has brought an increase of more severe natural disasters, causing many insurers to change their processes and policies.

Speaking at a June 26 public hearing on California's Sustainable Insurance Strategy, insurers pushed for accelerated wildfire model reviews and called the proposal unsustainable, while consumer advocates and others supported more transparency in its models.

Insurers are introducing AI-driven technology and historical data analysis to combat the costly impacts of climate risks.

Zurich and Aon launch clean energy insurance facility and Mercury expands virtual home inspections, plus other insurtech news.

Using data & AI to drive transformation in the P&C insurance industry.

There were about 40 funding events in the insurtech sector in June, according to a review by Digital Insurance.

The Atlanta-based mileage-based auto insurance startup confines its criteria to odometer readings, rather than intrusive installed telematics devices. It has collaborated with Porsche to create a unique coverage offering for the automaker's customers.

Debunking four common misconceptions about life insurance.

The top five insurance companies have an average annuity market share of 5.82% as of December 31, 2023.

The rapidly increasing expectations of policyholders and agents have accelerated the need for transformation.

Embedded insurance is providing carriers with a range of practical coverage options for multiple risks.